Top 5-Year CD & IRA CD Rate Continues at HeritageWest Credit Union in Utah - Local Only

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• Division of Chartway Federal Credit Union
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HeritageWest Credit Union continues to offer a good deal on its 5-year CD and IRA CD. The rates have fallen a little since my August review, but they remain very competitive. The yield is 3.00% APY for a minimum of $500 and 3.15% APY for a minimum of $100,000. The rates for the shorter terms are much lower and not noteworthy. These yields are listed in the credit union's certificate rates page as of 11/05/2010.

As a comparison to internet banks, the best 5-year CD rate is 2.65% APY at First Internet Bank as of 11/05/2010.

When I last posted on this credit union, I couldn't find many membership details on the credit union's website so I contacted the credit union yesterday. According to a credit union rep, membership is open to those who live, work, or do business in Tooele or Salt Lake County, or those who have a blood relative that meets one of these requirements.

Branches are located in the Utah cities of Tooele, Stansbury Park, Grantsville and South Jordan.

Division of Chartway Federal Credit Union

The credit union was merged into Chartway Federal Credit union on January 1, 2010 after being liquidated by the NCUA. It now operates as a division of Chartway and will continue to operate under the HeritageWest name. The credit union's name before 2008 was Tooele FCU.

The nice thing about this merger is that it's now part of a strong credit union. Chartway has an overall health score at DepositAccounts.com of 4 out of 5 with a Texas Ratio of 9.94% (excellent) based on 6/30/2010 data. Please refer to our financial overview of Chartway Federal Credit Union) for more details. Chartway FCU is federally insured by the NCUA (Charter # 13242).

Searching for the Best CD and IRA CD Rates

To search for the best nationwide rates and the best rates in your state, please refer to the following sections of DepositAccounts.com:

• CD rates
• IRA CD rates